China Tungsten Powder Price Keeps Unchanged on Quiet Trading in Early February

Analysis of latest tungsten market from Chinatungsten Online

China cesium tungsten bronze and tungsten bar prices remain stable in early February due to quiet trading activity with more and more companies are off duty for the holiday of Spring Festival. 

Tungsten concentrate price was above $14,285.7 per tone, APT offer was $251.1 per mtu and tungsten powder price hovers around $33.7 per kilogram. As buyers are not willing to stock products at high prices, transactions are hardly to be concluded. Most insiders wait and see the situation of Covid-19 in overseas markets and the consumption after the holiday.

In 2020, global semiconductor sales were $439 billion, an overall increase of 6.5%, offsetting the impact of the decline in global orders in the early stages under the spread of Covid-19, according to data from the Semiconductor Industry Association, the chips sold to the US is approximately $94.15 billion, an increase of nearly 20% over the same period in 2019. In addition, China Customs data shows that China's integrated circuit (chip) imports will exceed 350 billion U.S. dollars in 2020, a year-on-year increase of 14.6%, hitting a record high.

Prices of tungsten products on February 4, 2021

Picture of tungsten crucible 

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